Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test copy trading on the go. Copy trading can be good for beginners, provided they learn the basics and approach copy trading the same way they would any other self-directed trading account. To do your own copy trading, start by selecting the traders whose trades you want to copy.
- Compared to some desktop-only platforms, LimeFX is relatively well established with the list of different tools and functionalities it offers to mobile users.
- In this LimeFX broker review, we have emphasised all the product offerings and their features.
- Depending on a strategy and preferences, a Trader may choose all terms or only one.
- While it may sound like a good idea to automate your trading strategy, copy trading still requires active account management — it’s not a quick fix or an easy way to make money.
- Besides being a sponsor to several high-profile sports organisations it is also famous for winning numerous awards.
- The software supports seven types of charts in nine time frames with 80+ technical indicators and almost an equal number of drawing tools.
LimeFX cryptocurrencies trading is accessible from MetaTrader 4 and InstaTrader’s proprietary IFXBIT platform. However, the CFD broker offers a limited choice of only five digital currencies, comprising bitcoin, bitcoin cash, Ethereum, Litecoin and Ripple. The broker charges a commission of 0.03%-0.07% on the Insta Eurica and Cent Eurica accounts, while https://limefx.club/ the other two account types carry zero commission. When it comes to trade execution, you can place orders online or via live chat. The platforms support all trade execution modes, and according to LimeFX, the execution venue is Interactive Brokers. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Trading Platforms
The trading conditions include all types of order execution modes, zero to high spreads, high leverage, maximum trade size, position lock margins, margin calls and stop out levels. LimeFX trading platform is available on your smartphone anytime at any spot in the world. LimeFX mobile services and apps will help you keep up to date with the latest developments in financial markets. The LimeFX broker allows copy trading in FX binary options, and the feature is accessible on MetaTrader 4.
Deposits are normally processed instantly though it can take up to three days. Withdrawals are also usually processed within a few minutes but it can take up to 24 hours. Over 2,500 instruments are available in total on the MetaTrader 5 platform.
ECN
LimeFX also provides self-developed plugins such as One Click Trading. Over 30 industry awards, plus the use of multiple data centers, demonstrate that LimeFX is a serious contender in the trading industry, with no plans of loosening its grip anytime soon. Over the years, the brand has grown and expanded to different representative offices and locations worldwide, including the Czech Republic, Slovakia and Poland. For example, if you are copying a trader who buys 100,000 units of the EUR/USD currency, you will see the same proportionally-sized trade in your account – depending on how much you allocate.
The platform comes with a clean user interface, is accessible in 10 languages, and supports CFDs in FX, precious metals and shares. You can execute both intra-day or carry positions until expiry with a minimum deposit of $1. The fixed spreads limefx offered by LimeFX are a component of the account type. The broker charges a spread of 3 to 7 pips on the Insta Standard and the Cent Standard Accounts. LimeFX has over seven million clients from more than 260 countries.
Who does LimeFX appeal to?
There are no limits on a number of Traders to follow, and copying orders between two Traders is allowed. The LimeFX broker provides several client support options to get in touch with the helpdesk. These include live chat, callback request, email and the support area where you can find answers to frequently asked questions. The LimeFX MT4 mobile trading application is accessible on Android smartphones, iPhones and iPads and has most of the features of the computer-based terminals. Futures contracts are available in precious metals, crude oil, natural gas and agro commodities. The binary options offering includes intra-day and expiry contracts in FX, precious metals and share CFDs.
Although there are a few drawbacks, LimeFX is a solid choice for clients who don’t mind paying a little more to gain from the several attractive features offered by the brokerage. MT4 supports all browsers – Windows, Linux, macOS, and the handheld Android and iPhone devices. All the platforms come with reliable data protection and free access to the MQL5 community. The key differences between accounts are in the minimum deposit and commissions. It is also worth noting that MT4 accounts have approximately 260 trading instruments and lower deposit requirements, while MT5 accounts have more than 2,500 instruments. LimeFX offers three account types for MT4 and MT5, providing a tailored experience to traders.
Stocks Trading
Terms and conditions will apply and should be read thoroughly to ensure they do not impact your trading style or choices. As the name of the brand suggests, LimeFX primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products. For traders who enjoy the style, infrastructure, and familiarity of MetaTrader, the fact that LimeFX uses these platforms will be a significant bonus. Read our expert review to find out more about this international trading platform and discover whether LimeFX could be the right fit for you. Such challenges have been known for years, and thanks to broker procedures, regulation, and robust technology, these concerns are mostly non-issues, especially for top-rated forex brokers. Nonetheless, if in doubt, it’s always prudent to check and ask questions.
The firm provides services to global clients from its offshore-registered firm in Saint Vincent and the Grenadines. If you’re looking for a trading platform that offers a comprehensive variety of different trading options, then LimeFX.eu might be worth checking out. However, the higher minimum deposit makes this account type, not for the fair-weather trader. LimeFX.eu is an online brokerage offering over 2,500 trading instruments. The company offers CFD trading ands provide a great all-round service.